Pride of home ownership is one of themajor reasons we want to buy a home . You have no landlord . You are able to make improvemnts and add equity or value to your home , and it gives family a sense of stability. An investment into your future
Appreciation: In canada espeically the past 5years mnost homes have appreciated and addes to families net worth. You can live in your invemstnet and avoid capital gains
Mortage Reduction builds Equity. Each month your monthly payment is applied to the principle balance of the home loan which builds your equity. you can borrow against that equity for reasons such as home improvement , sending kids to school or starting a new business . Why payoff your landlords property when you can pay off your own.
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